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OAEIX

Equity Income Fund

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Overview

The Strategy typically invests primarily in dividend-paying large company U.S. stocks.

Inception Date
February 13, 1987
Investment Style
Equity Income
Fund Index
Russell 1000® Value Index
CUSIP
68381A103
NAV
  • A
(as of 09/19/2018)
$33.06
Total Assets
(as of 08/31/2018)
$3.37 BN
Gross Expense Ratio
(as of 08/31/2018)
1.05%
Net Expense Ratio
(as of 08/31/2018)
1.05%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 08/31/2018
  • B
as of 06/30/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
-2.47% 5.39% 4.38% 7.32% 8.66% 10.71%
Russell 1000® Value Index
-1.69% 6.77% 8.26% 10.34% 8.49% -
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
-8.08% -0.67% 2.34% 6.06% 8.02% 10.50%
Russell 1000® Value Index
-1.69% 6.77% 8.26% 10.34% 8.49% -
Cumulative
Annualized
ytd as of 2018-08-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
2.08% 10.13% 7.99% 7.81% 9.28% 10.81%
Russell 1000® Value Index
3.71% 12.47% 12.32% 11.22% 8.93% -
Cumulative
Annualized
ytd as of 2018-08-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
-3.79% 3.80% 5.88% 6.54% 8.63% 10.60%
Russell 1000® Value Index
3.71% 12.47% 12.32% 11.22% 8.93% -
Gross Expense Ratio: 1.05% | Net Expense Ratio: 1.05%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated.  Returns do not consider capital gains or income taxes on an individual's investment.


Year Equity Income Fund Russell 1000® Value Index
1988 34.72% 23.16%
1989 51.05% 25.19%
1990 -6.77% -8.08%
1991 38.77% 24.55%
1992 24.88% 13.58%
1993 7.31% 18.07%
1994 -2.86% -1.98%
1995 33.85% 38.36%
1996 18.25% 21.64%
1997 14.84% 35.18%
1998 20.15% 15.63%
1999 5.83% 7.35%
2000 14.97% 7.01%
2001 -1.20% -5.59%
2002 -14.71% -15.52%
2003 28.63% 30.03%
2004 16.68% 16.49%
2005 9.25% 7.05%
2006 13.56% 22.25%
2007 2.55% -0.17%
2008 -35.56% -36.85%
2009 42.22% 19.69%
2010 20.86% 15.51%
2011 -6.43% 0.39%
2012 19.15% 17.51%
2013 31.63% 32.53%
2014 10.05% 13.45%
2015 -9.83% -3.83%
2016 14.67% 17.34%
2017 12.59% 13.66%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated.  Returns do not consider capital gains or income taxes on an individual's investment.


Date Equity Income Fund Russell 1000® Value Index MSCI World S&P 500
8/31/2008 0.00 0.00 0.00 0.00
9/30/2008 -10.37 -7.35 -11.89 -8.91
10/31/2008 -25.07 -23.39 -28.60 -24.21
11/30/2008 -29.81 -28.88 -33.22 -29.65
12/31/2008 -26.38 -27.89 -31.08 -28.90
1/31/2009 -31.58 -36.18 -37.12 -34.89
2/28/2009 -37.71 -44.71 -43.55 -41.82
3/31/2009 -31.34 -39.98 -39.30 -36.73
4/30/2009 -24.19 -33.55 -32.49 -30.67
5/31/2009 -14.38 -29.44 -26.37 -26.79
6/30/2009 -13.98 -29.96 -26.70 -26.65
7/31/2009 -10.84 -24.23 -20.49 -21.10
8/31/2009 -6.15 -20.27 -17.21 -18.25
9/30/2009 -1.41 -17.19 -13.91 -15.20
10/31/2009 -3.47 -19.72 -15.45 -16.78
11/30/2009 1.55 -15.20 -11.99 -11.79
12/31/2009 4.70 -13.70 -10.41 -10.08
1/31/2010 2.63 -16.12 -14.11 -13.32
2/28/2010 6.27 -13.47 -12.90 -10.63
3/31/2010 12.40 -7.84 -7.51 -5.24
4/30/2010 13.26 -5.46 -7.49 -3.74
5/31/2010 5.14 -13.23 -16.36 -11.43
6/30/2010 -0.44 -18.11 -19.22 -16.07
7/31/2010 8.43 -12.57 -12.67 -10.18
8/31/2010 4.71 -16.31 -15.93 -14.24
9/30/2010 13.67 -9.82 -8.10 -6.59
10/31/2010 17.05 -7.11 -4.67 -3.03
11/30/2010 17.35 -7.60 -6.73 -3.02
12/31/2010 26.55 -0.31 0.13 3.46
1/31/2011 28.97 1.94 2.39 5.91
2/28/2011 32.95 5.70 5.98 9.54
3/31/2011 33.10 6.12 4.93 9.59
4/30/2011 37.45 8.95 9.39 12.83
5/31/2011 36.72 7.80 7.12 11.56
6/30/2011 33.09 5.59 5.43 9.70
7/31/2011 28.82 2.08 3.51 7.46
8/31/2011 18.09 -4.29 -3.78 1.63
9/30/2011 6.99 -11.52 -12.09 -5.52
10/31/2011 20.13 -1.39 -3.00 4.81
11/30/2011 16.47 -1.90 -5.37 4.58
12/31/2011 18.41 0.08 -5.42 5.65
1/31/2012 25.58 3.86 -0.67 10.38
2/29/2012 31.95 8.00 4.18 15.16
3/31/2012 34.96 11.20 5.52 18.94
4/30/2012 32.94 10.07 4.32 18.20
5/31/2012 23.55 3.62 -4.68 11.09
6/30/2012 27.72 8.76 0.17 15.67
7/31/2012 30.19 9.89 1.46 17.28
8/31/2012 34.48 12.27 4.03 19.92
9/30/2012 38.63 15.84 6.89 23.02
10/31/2012 39.28 15.27 6.17 20.75
11/30/2012 37.66 15.22 7.53 21.45
12/31/2012 41.08 17.60 9.55 22.55
1/31/2013 48.82 25.24 15.13 28.90
2/28/2013 49.65 27.04 15.32 30.65
3/31/2013 56.63 32.07 18.02 35.55
4/30/2013 61.41 34.07 21.74 38.16
5/31/2013 66.69 37.51 21.78 41.40
6/30/2013 63.00 36.30 18.78 39.50
7/31/2013 71.49 43.66 25.04 46.60
8/31/2013 66.80 38.21 22.38 42.35
9/30/2013 69.82 41.67 28.50 46.81
10/31/2013 76.29 47.87 33.53 53.56
11/30/2013 82.70 52.00 35.90 58.24
12/31/2013 85.70 55.85 38.77 62.25
1/31/2014 77.62 50.31 33.63 56.64
2/28/2014 85.94 56.81 40.32 63.80
3/31/2014 89.17 60.56 40.53 65.18
4/30/2014 90.77 62.08 41.97 66.40
5/31/2014 94.22 64.46 44.76 70.31
6/30/2014 100.65 68.75 47.35 73.83
7/31/2014 97.56 65.88 45.00 71.43
8/31/2014 105.54 71.97 48.19 78.29
9/30/2014 97.94 68.43 44.17 75.79
10/31/2014 101.30 72.21 45.10 80.08
11/30/2014 105.37 75.74 48.01 84.92
12/31/2014 104.36 76.82 45.63 84.46
1/31/2015 95.00 69.75 42.99 78.92
2/28/2015 107.61 77.96 51.36 89.20
3/31/2015 106.50 75.54 48.99 86.21
4/30/2015 109.76 77.18 52.49 88.00
5/31/2015 110.78 79.31 53.01 90.41
6/30/2015 104.07 75.73 49.46 86.73
7/31/2015 102.85 76.50 52.14 90.64
8/31/2015 92.89 65.99 42.07 79.14
9/30/2015 82.11 60.98 36.83 74.71
10/31/2015 94.36 73.12 47.67 89.44
11/30/2015 93.51 73.79 46.94 90.01
12/31/2015 84.29 70.05 44.36 87.01
1/31/2016 70.23 61.26 35.72 77.73
2/29/2016 69.82 61.22 34.71 77.49
3/31/2016 82.51 72.83 43.85 89.53
4/30/2016 85.02 76.46 46.13 90.27
5/31/2016 86.84 79.21 46.95 93.68
6/30/2016 84.24 80.76 45.30 94.18
7/31/2016 93.24 86.00 51.44 101.34
8/31/2016 96.90 87.44 51.57 101.63
9/30/2016 96.18 87.05 52.37 101.66
10/31/2016 95.26 84.15 49.42 97.99
11/30/2016 105.30 94.67 51.57 105.32
12/31/2016 111.32 99.54 55.20 109.38
1/31/2017 113.17 100.96 58.94 113.35
2/28/2017 120.15 108.18 63.35 121.82
3/31/2017 117.54 106.06 65.09 122.08
4/30/2017 117.47 105.67 67.54 124.36
5/31/2017 115.46 105.47 71.08 127.51
6/30/2017 120.20 108.83 71.74 128.94
7/31/2017 124.66 111.60 75.85 133.64
8/31/2017 120.56 109.14 76.10 134.36
9/30/2017 127.07 115.33 80.05 139.19
10/31/2017 130.76 116.90 83.45 144.77
11/30/2017 134.31 123.54 87.43 152.28
12/31/2017 137.93 126.80 89.96 155.09
1/31/2018 146.25 135.57 99.99 169.69
2/28/2018 135.51 124.32 91.71 159.75
3/31/2018 130.33 120.37 87.53 153.15
4/30/2018 131.22 121.10 89.69 154.12
5/31/2018 132.92 122.41 90.87 160.24
6/30/2018 132.07 122.97 90.78 161.84
7/31/2018 140.15 131.79 96.74 171.59
8/31/2018 142.90 135.22 99.18 180.44
Date Dividends
9/26/2008 0.1363
12/18/2008 0.239
3/20/2009 0.1757
6/19/2009 0.2174
9/25/2009 0.1066
12/17/2009 0.1678
3/19/2010 0.0696
6/25/2010 0.0843
9/24/2010 0.0864
12/17/2010 0.203
3/25/2011 0.098
6/24/2011 0.1355
9/23/2011 0.0996
12/8/2011 0.3227
3/23/2012 0.1162
6/22/2012 0.1576
9/21/2012 0.1341
12/6/2012 0.334
3/22/2013 0.1311
6/21/2013 0.1743
9/20/2013 0.1855
12/11/2013 0.3976
3/21/2014 0.2161
6/20/2014 0.1241
9/19/2014 0.1816
12/9/2014 0.2461
3/19/2015 0.1561
6/18/2015 0.1773
9/24/2015 0.2275
12/8/2015 0.5066
3/24/2016 0.1321
6/23/2016 0.1406
9/22/2016 0.1787
12/12/2016 0.212
3/23/2017 0.1312
6/22/2017 0.1804
9/21/2017 0.1728
12/11/2017 0.2811
3/22/2018 0.1059
6/21/2018 0.1466

There is no guarantee of the payment of any dividend or other distributions at any level.

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated.  Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 09/19/2018

Date 2013 2014 2015 2016 2017
Short Term 0.5080 0.7101 0.4129 0.1021
Long Term 0.5971 1.0410 1.0579 0.1331
Total Amount of Distribution 1.1051 1.7510 1.4708 0.2352
Record Date 12/9/13 12/8/14 12/7/15 12/8/17
Ex Div Date 12/10/13 12/9/14 12/8/15 12/11/17
Pay Date 12/11/13 12/9/14 12/8/15 12/11/17

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Holdings

(48.7% of assets as of 08/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 7
Country Equity Income Fund Russell 1000® Value Index Overweight / Underweight
United States 89.7% 99.6% -9.9%
United Kingdom 4.6% 0.1% 4.5%
Canada 3.1% - -
Switzerland 0.6% - -
Developed Markets Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Americas 92.9% 99.6% -6.8%
Europe 5.2% 0.3% 4.9%
Equity Sector Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Financials 22.7% 23.6% -0.9%
Health Care 15.4% 14.7% 0.7%
Energy 14.7% 10.5% 4.2%
Consumer Discretionary 8.1% 8.1% 0.0%
Consumer Staples 7.5% 7.2% 0.3%
Information Technology 7.3% 10.0% -2.7%
Industrials 6.2% 8.1% -1.9%
Utilities 5.1% 5.6% -0.5%
Telecommunication Services 5.1% 3.6% 1.5%
Real Estate 4.1% 4.8% -0.7%
Materials 1.9% 4.0% -2.1%
Industry Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Banks 13.9% 12.0% 1.9%
Oil Gas & Consumable Fuels 13.9% 9.4% 4.5%
Pharmaceuticals 6.7% 6.5% 0.1%
Capital Markets 5.7% 3.4% 2.3%
Electric Utilities 5.1% 3.3% 1.8%
Diversified Telecommunication Services 5.1% 3.5% 1.6%
Health Care Providers & Services 4.3% 2.8% 1.4%
Equity Real Estate Investment Trusts (REITs) 4.1% 4.6% -0.5%
Health Care Equipment & Supplies 3.0% 3.7% -0.6%
Beverages 2.8% 0.5% 2.3%
Communications Equipment 2.7% 2.0% 0.7%
Multiline Retail 2.6% 0.6% 2.0%
Electrical Equipment 2.3% 0.6% 1.7%
Technology Hardware Storage & Peripherals 2.1% 0.7% 1.4%
Automobiles 2.1% 0.7% 1.5%
Software 2.0% 1.8% 0.2%
Hotels Restaurants & Leisure 1.9% 1.8% 0.1%
Tobacco 1.8% 0.9% 0.9%
Food Products 1.6% 2.0% -0.4%
Biotechnology 1.4% 0.4% 1.0%
Asset Allocation Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Equity 98.0% 100.0% -2.0%
Market Cap Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Large 88.0% 78.7% 9.3%
Mid 9.6% 20.7% -11.1%
Small 0.4% 0.6% -0.2%
Analytics
(As of 08/31/2018)

Morningstar 08/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1109
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-4.82
-3.82
Beta
1.09
1.08
Information Ratio
-1.22
-1.04
R-Squared
90.32
91.27
Sharpe Ratio
0.68
0.70
Standard Deviation
11.05
10.85
Upside Capture
94.68
95.23
Downside Capture
140.62
125.69
Sortino Ratio
0.31
0.32
Win Ratio
39.00
40.00
Loss Ratio
61.00
60.00
Tracking Error
3.54
3.29
Yields
Dividend Yield (with sales charge)
1.75%
Dividend Yield (w/o sales charge)
1.86%
Standardized Yield
1.93%
Unsubsidized Yield
1.92%
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$150.45 B
$124.71 B
Median Market Cap (weighted)
$92.25 B
$68.04 B
P/E Ratio (LTM)
16.08
18.29
P/E Ratio (NTM)
13.30
14.49
Price/Book
2.16
2.18
Debt to Capital Ratio
53.57
45.51
Turnover Ratio
46%
-
Active Share
69.65%
-
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
6/21/2018
Per Share ($)
$0.1466
12-Month Distribution ($)
$0.7064
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. On August 1, 2007, the Fund's investment objective changed from “seeks capital appreciation" to “seeks total return.” Performance prior to August 1, 2007 is not indicative of performance for any subsequent periods.
  2. 2. Fixed income investing entails credit and interest rate risks. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Mid-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a mid-sized company, if any gain is realized at all. There is no guarantee that the issuers of stocks will declare dividends in the future, or that dividends will remain at their current levels or increase over time. Diversification does not guarantee profit or protect against loss.
  3. 3. The net expense ratio (where applicable) also takes into account contractual fee waivers and/or expense reimbursements without which performance would have been less.  These undertakings may not be amended or withdrawn for one year from the date of the current prospectus, unless approved by the Board.
  4. 4. The Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000 companies with lower price-to-book ratios and lower expected growth values. The index is unmanaged, includes the reinvestment of dividends and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
  5. 5. Holdings are subject to change, and are dollar weighted based on total new assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the Fund’s net asset value and fluctuations of dividends and distributions paid by the Fund.
  6. 6. Top Holdings represent stock holdings only and do not include cash and cash equivalents or fixed income holdings.
  7. 7. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund's prospectus.
  8. 8. Standardized yield for each share class is based on an SEC standardized formula designed to approximate a Fund's annualized hypothetical current income from securities less expenses for the 30-day period ending and including the most recent month-end or quarter-end and either that date's maximum offering price (Class A shares) or net asset value (for other share classes).  The month-end figure is typically calculated on the fifth business day of the next month. The result is compounded semiannually and annualized.  Falling share prices artificially increase yields.
  9. A. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily.
  10. B. The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated.  Returns do not consider capital gains or income taxes on an individual's investment.
  11. C. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund).  These returns would be lower if sales charges were taken into consideration.  Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions.
  12. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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